Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Fixed Mortgage Rates Are Rising. Are Variable Rates Next? + MORE Jan 22nd
Numerous banks and other mortgage lenders have been raising fixed mortgage rates in recent weeks, following the lead of rising bond yields that are now at a two-year high. And next week, all eyes will be on the Bank of Canada to see if it raises its overnight target rate earlier than expected, which.... More »
Have fixed mortgage rates peaked? May 25th
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months..... More »
Long-term mortgage rates are falling. Is it time to lock in? + MORE Apr 4th
Locking in or not depends on many factors, experts say, including whether the penalties for breaking a current mortgage make sense and if you think rates are going up or down..... More »
Rates are at all time lows Sep 20th
Rates are at all time lows and are expected to stay that way for a while! This means payments can’t go much lower. Let’s put interest rates and mortgage costs in perspective.
Here is what MORTGAGE PAYMENTS on a $400,000 mortgage look like with a 30 year amortization:
.... More »
Community Trust at 50: A golden anniversary built on broker partnerships + MORE Oct 19th
Reflecting on five decades of alternative lending, national growth, and an unwavering commitment to the Canadian mortgage broker community..... More »
CMHC’s Siddall Calls on Lenders & Default Insurers to Tighten Lending
– canadianmortgagetrends.com
Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards.
How to tell if a company is honest
– moneysense.ca
Despite what you may witness on Twitter, people generally see the good in others, whether that’s their friends, colleagues or the executives running the companies they invest in. We want to believe a business we’re buying into is on the up-and-up, that what they’re saying about their operation is truthful and that they really will help you make some money. But, as we’ve seen—Enron, Worldcom, various mortgage brokers and banks in the 2008 financial crisis, for example—there are business people who have other motivations besides honesty with investors.
More recently, it’s been reported that several Canadian cannabis companies, including Aphria and Aurora, have been sued by investors for allegedly making misleading claims, failing to disclose revenue problems, inaccurate financial statements and more. These claims have yet to be proven in court, but they’re an indication that once-rosy relationships between investors and the companies they own could sour at any moment. (You could argue that cannabis investors should have known what they were signing up for…
More recently, it’s been reported that several Canadian cannabis companies, including Aphria and Aurora, have been sued by investors for allegedly making misleading claims, failing to disclose revenue problems, inaccurate financial statements and more. These claims have yet to be proven in court, but they’re an indication that once-rosy relationships between investors and the companies they own could sour at any moment. (You could argue that cannabis investors should have known what they were signing up for…
Is a reverse mortgage right for you?
– moneysense.ca
Many Canadians are “house rich.” Their net worth appears healthy (the average tops $675,000), but in reality, a large chunk—sometimes 50% or more—of that wealth is tied up in their homes. Factor in the nation’s growing personal debt (according to Statistics Canada, we collectively owe $1.77 for every $1 in disposable income), and it isn’t surprising that interest in reverse mortgages is growing.
A reverse mortgage is one of several options we have for borrowing money against a home’s equity. (Your equity is the present-day value of your home, minus mortgage principal or other debt tied to your home that’s remaining to be paid down.)
In the past, reverse mortgages were viewed with skepticism; a loan you don’t have to repay as long as you live simply seems too good to be true. But for Canadians in specific financial circumstances, a reverse mortgage can be a practical solution.
This guide looks at how reverse mortgages work, and which types of people could benefit from them, to help you decide whether it might be a good option for you…
A reverse mortgage is one of several options we have for borrowing money against a home’s equity. (Your equity is the present-day value of your home, minus mortgage principal or other debt tied to your home that’s remaining to be paid down.)
In the past, reverse mortgages were viewed with skepticism; a loan you don’t have to repay as long as you live simply seems too good to be true. But for Canadians in specific financial circumstances, a reverse mortgage can be a practical solution.
This guide looks at how reverse mortgages work, and which types of people could benefit from them, to help you decide whether it might be a good option for you…
Opinion: CMHC and Risk – Perspective vs. Spin
– canadianmortgagetrends.com
It’s so hard to have a calm intelligent debate about mortgage policy in Canada. And there’s a reason for it.
